I have been researching laundromats. All the research I have found states laundromats sell 2.5-4.5Xs NOI. However, I have found those laundromats listed and owners interested in selling but not listed, etc. Want to sell the business and real estate separate making it near 10Xs. Is this the new Paradigm in the laundromat world? Or they just are not motivated sellers? Or do they have it right and I’m missing it? Should I be looking for 2.5-4.5X Real Estate and Laundromat combined?
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